Applebee's gives go-ahead to contact potential buyers

Mon, 2007-03-12 05:30

OVERLAND PARK Kan. Although it needs an additional six to eight weeks to conduct a financial review, Applebee's International Inc. said it had instructed its financial and legal advisors to contact potential buyers "in an organized process" as part of its exploration of strategic alternatives. Analysts have said potential buyers of Applebee's 1,942-unit system would most likely include larger private-equity firms that could manage a possible high price tag. One analyst told Nation's ...

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